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Internet Indexes Still Exist,
Defying the Sector's Troubles

But the Products May Not Last Long
Since Many Firms Have Disappeared

By

Peter LoftusDow Jones Newswires

Updated July 30, 2002 8:29 p.m. ET

NEW YORK -- Maybe it was a warning sign of the darker days ahead for the stock market.

Near the peak of the technology stock bubble in March 2000, Morgan Stanley launched an Internet stock index. Consisting of 28 companies, the investment bank billed it as "an effective performance index for public Internet companies."